Just last post I mentioned some rich folk wasting money on developing a jet pack, but now I have discovered yet more ultra rich folks squandering millions developing an efficient electric car.
Aptera Motors announced today that the company has raised more than $24 million at the close of its Series C round of venture funding. The new funds will be used to start initial production of its Aptera Typ-1, a radically different vehicle designed to marry advanced aerodynamics with light-weight composite technology creating an incredibly powerful, yet extremely safe vehicle that is a joy to drive. Additionally, the company plans to use the newly raised funds for a new manufacturing facility located in Vista, Calif., just a short distance from the company’s present headquarters in Carlsbad.
This make me so freaking mad! What a waste of money! Can you imagine all the good things the state could do with all that money. Honestly, what purpose would an efficient electric car serve? I can’t see any possible good from the development of this car.
I would happily support any legislation that increased the taxes on rich venture capitalists firms and uses those funds to subsidize the development of technology to make cars more efficient and less reliant on gasoline. Since their is no demand for this kind of technology(nobody wants to help the environment or save money on gasoline), it would be prudent to bring in the massive coercive bureaucratic force of the federal government to generate incentives. Given climate change, there is great urgency to do something about our current predicament. It makes sense to heavily tax those wealthy enough to invest in technologies trying to reduce our gasoline usage to develop incentives to encourage the development of technologies that will reduce gasoline usage.
Can you imagine what kind of incentive the federal government could offer technology firms developing alternatives to combustion engines if they took the 24 million these selfish investors gave to this company developing a car that runs without a combustion engine?
With the state administering resources the sky is the limit!